USD vs. UYG
USD (ProShares Ultra Semiconductors) and UYG (ProShares Ultra Financials) are both Leveraged Equities funds from ProShares - USD tracks the Dow Jones U.S. Semiconductors Index (200%) while UYG tracks the Dow Jones U.S. Financials Index (200%). Both are passively managed. Over the past 10 years, USD returned 55.50%/yr vs 17.82%/yr for UYG. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
USD vs. UYG - Performance Comparison
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Returns By Period
In the year-to-date period, USD achieves a 58.94% return, which is significantly higher than UYG's 1.62% return. Over the past 10 years, USD has outperformed UYG with an annualized return of 55.50%, while UYG has yielded a comparatively lower 17.82% annualized return.
USD
- 1D
- 1.19%
- 1M
- -23.32%
- 6M
- 44.94%
- YTD
- 58.94%
- 1Y
- 100.99%
- 3Y*
- 97.07%
- 5Y*
- 57.89%
- 10Y*
- 55.50%
- ALL TIME*
- 28.48%
UYG
- 1D
- -0.90%
- 1M
- 9.26%
- 6M
- 3.57%
- YTD
- 1.62%
- 1Y
- 8.41%
- 3Y*
- 28.43%
- 5Y*
- 13.23%
- 10Y*
- 17.82%
- ALL TIME*
- 0.56%
USD vs. UYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 58.94% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
UYG ProShares Ultra Financials | 1.62% | 19.77% | 55.71% | 22.14% | -32.11% | 76.26% | -20.32% | 66.15% | -22.61% | 39.28% |
Correlation
The correlation between USD and UYG is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | 0.55 |
Over the past year, the correlation between USD and UYG has dropped to 0.09 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
USD vs. UYG - Sectors Allocation Comparison
Sectors
USD
UYG
Technology
Financial Services
Energy
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Healthcare
-
-
Industrials
-
Real Estate
-
-
Utilities
-
-
Technology
USD
UYG
Financial Services
USD
UYG
Energy
USD
UYG
-
Basic Materials
USD
-
UYG
-
Communication Services
USD
-
UYG
-
Consumer Cyclical
USD
-
UYG
-
Consumer Defensive
USD
-
UYG
-
Healthcare
USD
-
UYG
-
Industrials
USD
-
UYG
Real Estate
USD
-
UYG
-
Utilities
USD
-
UYG
-
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Return for Risk
USD vs. UYG — Risk / Return Rank
USD
UYG
USD vs. UYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) and ProShares Ultra Financials (UYG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| USD | UYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.07 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 0.29 | +2.90 |
| Martin ratioReturn relative to average drawdown | 8.07 | 0.68 | +7.39 |
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Drawdowns
USD vs. UYG - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, smaller than the maximum UYG drawdown of -97.90%. Use the drawdown chart below to compare losses from any high point for USD and UYG.
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Drawdown Indicators
| USD | UYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -97.90% | +9.27% |
Max Drawdown (1Y)Largest decline over 1 year | -31.80% | -28.91% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -64.46% | -30.35% | -34.11% |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | -47.77% | -30.08% |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | -69.98% | -7.87% |
Current DrawdownCurrent decline from peak | -26.57% | -4.03% | -22.54% |
Average DrawdownAverage peak-to-trough decline | -32.24% | -63.01% | +30.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.55% | 12.40% | +0.15% |
Volatility
USD vs. UYG - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 29.84% compared to ProShares Ultra Financials (UYG) at 8.02%. This indicates that USD's price experiences larger fluctuations and is considered to be riskier than UYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USD | UYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.84% | 8.02% | +21.82% |
Volatility (6M)Calculated over the trailing 6-month period | 58.46% | 22.52% | +35.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.29% | 29.20% | +42.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.30% | 36.01% | +42.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.12% | 40.89% | +29.23% |
USD vs. UYG - Expense Ratio Comparison
Both USD and UYG have an expense ratio of 0.95%.
Dividends
USD vs. UYG - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.36%, less than UYG's 11.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 0.36% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
UYG ProShares Ultra Financials | 11.49% | 11.72% | 0.51% | 0.79% | 0.77% | 9.39% | 0.66% | 0.90% | 1.28% | 0.56% | 0.76% | 0.72% |
Frequently Asked Questions
USD and UYG have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (29.84%) compared to UYG (8.02%). In terms of maximum drawdown, USD dropped -88.63% vs UYG's -97.90%.
On 10-year performance, USD leads with 55.50% vs 17.82% for UYG. Both ETFs have the same 0.95% expense ratio. On volatility, UYG has been the lower-risk option at 8.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USD has performed better with a 55.50% return vs 17.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USD and UYG have the same expense ratio: 0.95% per year.
UYG has the higher dividend yield at 11.49%, compared with 0.36% for USD.
USD tracks Dow Jones U.S. Semiconductors Index (200%), while UYG tracks Dow Jones U.S. Financials Index (200%).
USD currently has the higher Sharpe Ratio (1.43 vs 0.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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